Getting a Credit Mistake Fixed
Can Be as Costly as the Error

An inaccurate credit report has never been more dangerous for consumers, but fixing credit errors can be treacherous as well.

Insurers and mortgage bankers increasingly rely on credit scores to determine premiums on policies or interest rates on loans. So any mistake that lowers a consumer's credit score can be costly. An extra one-half of a percentage point on a $250,000 30-year fixed-rate mortgage can mean more than $20,000 over the...